Capricorn Metals Ltd · ASX:CMM
Capricorn Metals — Shareholder Meeting (November 2019)
23 slides from Capricorn Metals's shareholder meeting presentation, November 2019
Slide 1: AGM Presentation November 2019
AGM PRESENTATION NOVEMBER 2019
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement CAUTIONARY STATEMENT – FORWARD LOOKING STATEMENTS This announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events an
Slide 3: The Opportunity at Karlawinda
The Opportunity at Karlawinda 1. 2,042km2 of 100% owned tenure in premier “low risk” mining jurisdiction with proven geological endowment • Two large scale gold mineralised systems discovered at Karlawinda to date 2. Impressive Resource & Reserve growth from active exploration programs • 1.5Moz Tota
Slide 4: Corporate Summary
Corporate Summary Capital Structure (pre-consolidation)* ASX Code CMM Shares on issue 1,624 million Unlisted options 91 million Share price 20 cents Market Cap $325 million 12 month range 5.3 – 27.5 cents Daily volume 4.8 million Cash $86.8 million Major Shareholders Directors and Management Hawkes
Slide 5: What's Changed in 12 Months?
What's Changed in 12 months? 2018* 2019+ AUD Gold Price A$1,686 A$2,152 (+28%) USD Gold Price US$1,226 US$1,484 (+21%) $668 AUD/USD 0.73 0.69 (-5%) $466 ASX All Ords 6,015 6,816 (+13%) ASX Gold Index 5,010 6,527 (+30%) Share Price 6.5 cents 20 cents (+238%) Further tailwinds for gold: Market Cap $48
Slide 6: Gearing Up Towards Development
Gearing Up Towards Development Project development team appointed • Well regarded in-house development team appointed with significant experience in constructing CIL plants in Australia, Africa and Asia • Relocation of camp completed and installation being planned Review of previous management optim
Slide 7: Gearing Up Towards Development
Gearing Up Towards Development capmetals.com.au 7
Slide 8: Karlawinda, First Class WA Location
Karlawinda, First Class WA Location Premier mining jurisdiction • 60km south east of Newman in Western Australia • 2,042km2 of 100% owned exploration and mining tenements • Road access via the Great Northern Hwy • Multiple flights per day Perth to Newman • Mining engineering, suppliers, services cap
Slide 9: Bibra Mineral Resource and Ore Reserve Growth
Bibra Mineral Resource and Ore Reserve Growth Tramore Continuing exploration yielding further growth • Located 350m south of Bibra Pit, most advanced prospect not currently in resource • Gold mineralisation defined over a strike length of approximately 450m, ranges in thickness between 10m and 20m,
Slide 10: Bibra Gold Deposit – 1.5Moz and Growing
Bibra Gold Deposit – 1.5Moz and Growing Continuous shoots down plunge – simple leverage to increases in gold price capmetals.com.au 10
Slide 11: Open Pit Mining
Open Pit Mining Bibra Deposit - Large tonnage, low strip ratio May 2018 open pit design: • Improved 4-staged design • Life of Mine strip ratio 4.8:1 • Favourable geotechnical conditions • HW overall slope ~47o, FW ~25o • Mining contract tender completed 2018: • Review and update • Opportunities to o
Slide 12: Metallurgy & Processing
Metallurgy & Processing Conventional processing, high recoveries • Good metallurgical testwork and results • 92.1% LOM recovery, 45% gravity recoveries in primary ore • Coarse grind size (P80 150μm oxide and 120μm primary) • Low reagent consumptions • Conventional 3Mtpa CIL circuit • 3.7Mtpa through
Slide 13: Capital & Operating Cost Summary
Capital & Operating Cost Summary CAPITAL October 2017 June 2018 OPERATING LOM Cost / LOM Cost / Feasibility Optimised Tonne Ounce Estimates Estimates (processed) (recovered) Item (A$m) (A$m) Item (A$/t) (A$/oz) Processing Plant & Infrastructure (EPC) & $98.7 $88.1 Mining (Contract) $18.0 $603.0 Infr
Slide 14: Karlawinda Gold Project - Unlocking the potential of a new gold camp
Karlawinda Gold Project - Unlocking the potential of a new gold camp • 2,042km2 of 100% owned exploration and mining tenements • Enormous exploration potential in under-explored Archaean greenstone belt • Prioritising regional exploration and near-mine exploration opportunities capmetals.com.au 14
Slide 15: Karlawinda Gold Project - Near mine exploration potential
Karlawinda Gold Project - Near mine exploration potential • Aeromagnetic survey identified Bibra deposit located on a magnetic high • Several similar repeat magnetic highs located in close proximity to proposed Bibra pit capmetals.com.au 15
Slide 16: Karlawinda Gold Project – Near mine exploration
Karlawinda Gold Project – Near mine exploration • Bulk of the drilling has been at the Bibra deposit • Limited to no drilling on other magnetic highs within 8 kilometres of Bibra capmetals.com.au 16
Slide 17: Karlawinda Gold Project – Near mine exploration
Karlawinda Gold Project – Near mine exploration • Number of targets identified • Aim to prioritise and drill targets in the next 12 months. capmetals.com.au 17
Slide 18: Karlawinda Gold Project – Regional exploration
Karlawinda Gold Project – Regional exploration • First pass exploration outside the immediate 1.5Moz Bibra Deposit • Mundiwindi greenstone region identified from soils sampling & mapping, 2018 (1) • Magnetic and geochemical survey of the Mundiwindi greenstone identifying areas of coincident gold pro
Slide 19: Karlawinda Gold Project – Regional exploration
Karlawinda Gold Project – Regional exploration • Continued evaluation of existing prospects • K3 Prospect, up-plunge projection of Francopan (1) • Francopan, wide-spaced drilling, high grade zones (2) • 26m @ 1.03 g/t Au from 132m • 37m @ 1.9 g/t Au incl. 8m @ 5.1 g/t Au from 179m • 27m @ 1.12 g/t A
Slide 20: Summary
Summary A compelling opportunity in the Australian gold sector • Karlawinda Gold Project is an economically robust Western Australian gold development project • Proven board and management team • Gold hedging in place at A$2,249 per ounce to underpin the development of the project • Project is devel
Slide 21: Mineral Resource – Karlawinda Gold Project
Mineral Resource – Karlawinda Gold Project May 2018 Capricorn Metals Ltd has updated the Mineral Resource Estimate at its 100%- BIBRA GOLD DEPOSIT MINERAL RESOURCE ESTIMATE owned Karlawinda Gold Project in WA in May 2018. The new resource was (as of May 2018) updated to include a further 14,000m of
Slide 22: Ore Reserve – Bibra Deposit
Ore Reserve – Bibra Deposit May 2018 PROVED RESERVES PROBABLE RESERVES TOTAL RESERVES Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces ('000 t) (g/t Au) ('000 oz) ('000 t) (g/t Au) ('000 oz) ('000 t) (g/t Au) ('000 oz) Bibra pit 9,603 1.1 337 16,915 1.0 529 26,518 1.0 866 Sth Corr
Slide 23: Capricorn Metals Ltd (ASX: CMM)
Capricorn Metals Ltd (ASX: CMM) Level 1, 28 Ord Street West Perth, WA enquiries@capmet.com.au +61 8 9212 4600 www.capmetals.com.au ABN: 84 121 700 105
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